AMERICAS DISTRESS DAILY: CareerBuilder Files Bankruptcy Case

Careerbuilder + Monster filed for bankruptcy protection in Delaware to facilitate a sale of its operations. The company plans to sell part of the business to JobGet Inc. while other assets would be bought by Valnet Inc. and Valsoft Corp.

• CareerBuilder’s revenue plunged nearly 40% last year, according to Moody’s Ratings.
• The company is in talks with Blue Torch Capital for up to $20 million of debtor-in-possession financing and plans a workforce reduction.

In Other News:

• President Donald Trump’s tariffs and shifting stances on trade have upended the planning of many companies that provide parts and equipment to big automakers, ...